Boris Musheyev, CPA

Boris Musheyev, CPA Boris Musheyev, CPA is a tax planning and advisory firm for entrepreneurs and business owners.

07/22/2026

Did your accountant miss the R&D tax credit?🤔

If your accountant told you that you can't write off your software development costs..

They might be operating by old rules!

Spending a fortune building software or developing new processes may qualify you for Research and Development (R&D) tax credits. Here is how the numbers break down:

✅ The R&D Credit: A quick back-of-the-napkin calculation shows that whatever you spend developing software, the IRS gives about 10% back to you as a tax credit. If you spend $500,000, you could get $50,000 back!
✅ Tax Deductions & Amortization: Additionally, the remaining $500,000 is deductible (less the credits received).

However, keep in mind that laws changed in 2022 requiring business owners to amortize R&D costs over the course of 5 years rather than deducting everything all at once.

If your accountant hasn't mentioned these changes or one big beautiful act, you could end up paying one big beautiful tax bill!

Make sure you consult your Tax Advisor to confirm how these R&D tax rules apply to your business.

🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: https://www.7taxwriteoffs.com/?utm_source=facebook&utm_medium=shortform

Group health insurance isn't the only way to help your employees with medical costs.If your S corporation has fewer than...
07/22/2026

Group health insurance isn't the only way to help your employees with medical costs.

If your S corporation has fewer than 50 full-time equivalent employees and doesn't offer a group plan, a QSEHRA could be the answer.

Here's what it does for you:

✅ You reimburse employees for individual health insurance premiums + qualifying medical expenses
✅ Your reimbursements are deductible as a business expense — with no payroll taxes on them
✅ Employees receive the reimbursement tax-free (if they have minimum essential coverage)

For 2025, you can offer up to $6,350/year for single coverage or $12,800/year for family coverage.

One thing to watch: if you're a more-than-2% shareholder, the rules are different for you. Your reimbursements go on your W-2 — but you can then claim the self-employed health insurance deduction.

Swipe through to see exactly how it works 👉

Want help setting yours up correctly? 💬 Comment "TAX" below and we'll send you our FREE training on how to save $100K+ on taxes in 30 days.

07/21/2026

The real estate tax strategy business owners use to lower taxes

Real estate can be one of the biggest tax strategies for business owners.

But there is one important thing to understand.
The goal is not just to buy real estate.

The goal is to create paper losses through depreciation and use those losses the right way.

For many business owners, the issue is that they are not considered real estate professionals under IRS rules.

That is why some business owners look at short-term rentals.

A short-term rental may allow you to use losses against active income, but only if you are compliant.

That means you need to follow the rules, document your time, and make sure the rental activity is structured correctly.

If you are trying to use real estate or short-term rentals to lower your taxes, speak with a Tax Advisor before claiming the losses.

🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: https://www.7taxwriteoffs.com/?utm_source=facebook&utm_medium=shortform

Your loved one passed away, and now their estate needs its own tax ID number before you can do anything with it.Not thei...
07/21/2026

Your loved one passed away, and now their estate needs its own tax ID number before you can do anything with it.

Not their Social Security number. A brand new EIN, issued to the estate itself.

Here's why this matters:

Once someone passes, their Social Security number can no longer be used to report the estate's income. Banks won't open an estate account without an EIN. The IRS won't accept Form 1041 without one. And beneficiaries can't get their tax documents until it's issued.

The good news? If you qualify, you can apply online through the IRS EIN Assistant and get your number instantly. Fax takes about 4 business days. Mail can take 4 to 5 weeks — and probate timelines are rarely that patient.

Before you apply, get these ready:
→ Decedent's full legal name & date of death
→ Executor's name & Social Security number
→ Estate's mailing address
→ County & state where the decedent lived
→ Date the estate was created

One more thing: even if the federal estate tax doesn't apply to you (the exemption is now $15M), your state might have its own rules. Illinois, Massachusetts, Maryland, and Oregon all tax estates at lower thresholds than the federal government.

Getting this step right from day one keeps probate moving and keeps the IRS off your back.

FREE training on how to save $100K+ on taxes in 30 days.
https://www.save100know.com/?utm_source=facebook&utm_medium=post

07/20/2026

🏠 How to stay compliant with a short term rental tax strategy

Short-term rental tax strategy only works if you follow the rules.

The first rule is the average guest stay.

If your guests stay an average of 7 days or less, the IRS may treat the property differently than a regular long-term rental.

But that alone is not enough.

You also need to show material participation.

One common rule is the 100-hour test.

That means you work at least 100 hours on the rental, and no one else, including your property manager, works more hours than you.

This is why tracking your hours matters. ✍️

If you cannot prove your time, your short-term rental losses may be challenged.

A Tax Advisor can help you review your rental, your time log, and your documentation before you claim the losses.

🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: https://www.7taxwriteoffs.com/?utm_source=facebook&utm_medium=shortform

Your bank statement showed a healthy interest payment this year? The IRS already knows about it.Every dollar your saving...
07/20/2026

Your bank statement showed a healthy interest payment this year? The IRS already knows about it.

Every dollar your savings account earns gets reported to the IRS on Form 1099-INT — and it's taxed at your ordinary income rate, not a lower capital gains rate. For S corp owners sitting on strong cash reserves, that adds up fast.

Here's what most owners miss:

→ There's no minimum threshold. Even a small amount is reportable.
→ High earners may also owe the 3.8% Net Investment Income Tax on top of ordinary rates.
→ The OBBBA didn't create any new exemption for savings interest — it's still fully taxable.
→ Moving your cash before December 31 doesn't erase tax on interest already earned.

The good news: you can shift where your cash sits so more of your return comes from income taxed at a lower rate — or not taxed at all. Municipal bonds. Treasury bills. Series I bonds. HSA growth. Roth contributions.

None of this means giving up liquidity. It means building a plan.

Swipe through for the full breakdown,

💬 Comment "TAX" below and we'll send you our FREE training on how to save $100K+ on taxes in 30 days.

07/19/2026

🏡 Why your real estate loss may not be deductible

Loss limitation is one big reason many real estate investors use an LLC instead of an S corporation.

In this example, you buy a property for $1 million.

After removing land value, the building value is $800,000.

You put $100,000 down and finance the rest with a $900,000 loan.

Then you use bonus depreciation or cost segregation, and the property creates $200,000 in losses.

If that property is inside an S corporation, your deductible loss may be limited because your basis may only include the $100,000 you invested.

That means only $100,000 of the loss may be deductible now, and the rest may get carried forward.

With an LLC, the debt may help increase your basis, which can allow more of the loss to be used.

This is one of the reasons real estate is usually better held in an LLC, not inside an S corporation.

A Tax Advisor can help you structure your real estate correctly before you buy, transfer, or depreciate the property.

🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: https://www.7taxwriteoffs.com/?utm_source=facebook&utm_medium=shortform

07/19/2026

A CPA who only files your taxes isn't the same as a tax strategist. If your accountant hasn't introduced new tax-saving strategies, discussed proactive planning, or helped reduce your future tax bill, you may be paying far more to the IRS than necessary. Great tax planning happens before year-end not after your return is filed.

Comment ""TAX"" and I'll send you a free training showing how profitable business owners can legally save $100,000+ in taxes.

Here's the truth: the difference between a preparer who just files your return and an advisor who actually plans your ta...
07/19/2026

Here's the truth: the difference between a preparer who just files your return and an advisor who actually plans your taxes often comes out to five figures a year.

In this carousel, you'll see 4 deductions most S corp owners never claim:

→ Home office reimbursement (even if you also have an office)
→ The Augusta Rule — rent your home to your own company, tax-free
→ Personal vehicle reimbursement through an accountable plan
→ Solo 401(k) vs. SEP IRA — the retirement gap that costs you thousands

Plus the audit myth that stops most owners from even trying.

None of this is a gray-area strategy. These are deductions the IRS already allows — most owners just aren't using them.

Want the full breakdown, including documentation requirements and the other 3 deductions we didn't cover here?

Comment "TAX" and we'll send you our free training on saving up to $100K in taxes.

The $10,000 SALT cap is quietly costing profitable S corp owners tens of thousands of dollars a year.Here's the fix: PTE...
07/19/2026

The $10,000 SALT cap is quietly costing profitable S corp owners tens of thousands of dollars a year.

Here's the fix: PTET (Pass-Through Entity Taxation).

Instead of paying state income tax personally — where it's capped at $10K federally — your S corp pays it at the entity level. That payment becomes a fully deductible business expense, with no cap. The IRS confirmed it in Notice 2020-75.

Real example: an S corp owner in New York with $500K in net profit and a ~$38,000 PTET payment can save approximately $13,300 in federal taxes in a single year. Over 5 years, that's $65,000+ from one strategy.

35+ states now offer PTET, including California, New York, New Jersey, Illinois, Georgia, and Massachusetts — each with its own rates and election deadlines.

The catch? Miss your state's election deadline, and you're locked out for another full year.

Swipe through to see how PTET works, who it's best for, and the mistakes that cost owners thousands.

Comment "TAX" and we'll send you our free training on how to save $100K on taxes in 30 days.

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